Warner Chilcott prices secondary stock offering

Warner Chilcott PLC, which makes women's health and dermatology products, said a secondary offering of 20 million shares priced at $22.25 per share.

Late Thursday the selling stockholders, which include funds affiliated with Bain Capital Partners, DLJ Merchant Banking, J.P. Morgan Partners, Thomas H. Lee Partners LP and others, gave the underwriters a 30-day option to buy up to an additional 3 million shares at the offering price.

Earlier this month the four venture capital firms, which own most of Warner Chilcott, said they were selling off part of their stake in the company. As of March, the funds owned about 61 percent of Warner Chilcott's Class A shares.

The funds combined to take Warner Chilcott private in January 2005. The company went public again in 2006.